Bloomberg
Traders Reach Crucial Moment in Timing of Fed Rate-Hike Cycle
(Bloomberg) — For rates traders fixated on where the Federal Reserve is going with policy in the next few years, a key number is 99.That’s basically the price where eurodollar futures expiring in December 2023 have been stuck for more than a week. And that means markets have calmed significantly since the feverish early-April bets that policy makers were going to get dragged into a more hawkish stance.Markets look…
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